Wintercow (Star-Off Salesperson)

... a few are riding, but the rest are run over ...

... Collapse the Quantum Argument ...

[Wintercow (Star-Off Salesperson) @wintercow20]

Serious question: if 2+2 now equals a chicken then how will someone use "the science" to convince everyone about the need for climate action?

1/2

[Ethan Mollick @emollick]

I keep warning that so many of our systems are still built around the assumption that quality writing and analysis are costly and therefore meaningful signals.

Our systems are very much not ready for the revelation that this is no longer true, as this planning objection AI shows

[Wintercow (Star-Off Salesperson) @wintercow20]

Literally not true.

You care about consumption. Not income.

[Arin Dube @arindube]

If you were interested in deciding whether to move to US, France, or UK, what matters is the level of income across countries by percentile where you're likely to land.

However, that's not the question of interest in the original post I responded to, which was about the minimum wage. And here, unless you think the minimum wage is a key driver of GDP/capita (very unlikely), you would want to factor in overall GDP differences when looking at incomes at the bottom.

[Wintercow (Star-Off Salesperson) @wintercow20]

If I were a leftist central planning lover ...I would point to ...THE UNITED STATES as evidence that socialism works ...

[Phil Magness @PhilWMagness]

I'm now in the possibly-unique position of having (a) publicly opposed Lisa Cook's appointment to the Fed board and (b) publicly opposed Lisa Cook's removal from the Feb board, absent an actual finding of guilt.

[Alex Tabarrok @ATabarrok]

If South Korea chained several hundred US workers, many Americans would be talking war.

Hard to exaggerate how mad this is.

Mad economics, mad foreign policy.

Shameful to treat an ally this way.

This is the kind of thing which won’t be forgotten. Decades of good will torched.

[Wintercow (Star-Off Salesperson) @wintercow20]

Capitalism crushes class hierarchy and entrenched privilege- that's why everyone hates it.

https://t.co/egtuWimeF8

[Zohran Kwame Mamdani @ZohranKMamdani]

"The invisible hand of the market, my ass. That hand is white and wearing a ring with a conflict diamond in it." - @harikondabolu

[Wintercow (Star-Off Salesperson) @wintercow20]

Enjoy Lenin's Birthday! Socialism makes you poor.

https://t.co/l4qsWli5uz

[Wintercow (Star-Off Salesperson) @wintercow20]

Totally confident they got right on this!

[molson 🧠⚙️ @Molson_Hart]

I am more and more concerned about the White House’s trade negotiations, to the point where I feel I need to sound an alarm.

The White House needs new members on its team for trade.

In ~3-6 months we are going to start having shortages of transformers, pumps, air conditioners, and other complex goods which are made (or their critical components) in China.

These products, which cannot be efficiently sourced elsewhere in this timeframe, are necessary for electricity, clean water, and a pleasant life.

The vibe in our country right now is not good and we do not want to layer on top of that, along with our high gun ownership, a collapse of basic government services.

The White House is doing too many things at the same time (tariffs, Ukraine, deportations, Yemen, hosting sports teams, and much more) while China is singularly focussed on this issue, which they have been studying and preparing for, for close to a decade.

Short of blockading the Persian Gulf, which China certainly has a contingency plan for, the United States does not have much leverage with China.

The U.S. is a net food importer and the foods that we do export to China can be purchased elsewhere (eg soybeans from Brazil) in a way that critical machinery like transformers, pumps, etc cannot.

It is not possible to turn all the made in China components we need into made in Vietnam, overnight, even with the cheating that is happening to make this occur. Perhaps the U.S. will be fine because we will buy up all spare capacity outside of China, leaving the rest of the world in big trouble.

By the time the shortages hit, it will be too late to fix the problem, because it takes months for new inventory to reach their international destinations.

And as I explained in my pinned post, no one is starting US factories to replace China’s capacity amidst this uncertainty.

For over a year, since I was able to return to China after 5 years (because of COVID lockdowns), I have been telling people that are underestimating China as a rival to US hegemony.

This is increasingly evident from our trade negotiations where they have consistently refused to fold and have even taken once unthinkable steps like ending the purchase of Boeing planes and banning rare earth element exports, necessary for what manufacturing we do do here in the USA.

The White House, as far as I can tell, does not have anyone on its team with China experience and the people who know most about manufacturing, are notably not involved in the trade and tariff policy.

This needs to change and fast.

I am not writing this because I want a handout or carve out of educational toys (though, frankly, it does not make sense to make educational products more expensive for schools and families). We will be fine because we have been manufacturing out of China for a long time.

I am saying this because, as an American, I have a really bad feeling about this.

[Wintercow (Star-Off Salesperson) @wintercow20]

UK:

[Wintercow (Star-Off Salesperson) @wintercow20]

These guys argue that carbon damages exceed $1,000 per ton and are using Environmental Defense Fund to rely on abatement cost functions. https://t.co/z3UNRGuHqJ

[Wintercow (Star-Off Salesperson) @wintercow20]

"they make the bulk of profits from ...frequent consumers" ... right, that isn't true when it is illegal?

"middle ground is ... more regulation" ... what's new?

[Wintercow (Star-Off Salesperson) @wintercow20]

Wouldn't pass a intro writing seminar, but good enough for NYT: https://t.co/tdkS8MUVEp

[Wintercow (Star-Off Salesperson) @wintercow20]

"Libertarianism GIVES people" ... who is handing what out in that world?

"...that ripple across society" ... then show ANY spillovers in your piece ...

[Wintercow (Star-Off Salesperson) @wintercow20]

Would struggle in intro econ ...https://t.co/Zh3pX4dFML

[Gustavo Ventura @King_ofSweden]

A depressing picture of the market for PhD economists.

Job postings down by more han 26% relative to 2019 (down by about 25% relative to 2022).

Via @cawley_john

[Helen Andrews @herandrews]

"In 2015, more than 71 percent of white high-school graduates ages 16–24 attended college. It’s now 60 percent."

[MAKS 26 🇺🇦👀 @Maks_NAFO_FELLA]

☢️😵‍💫 Putin approved the updated nuclear doctrine.

"Aggression against Russia by any non-nuclear state, but with the participation or support of a nuclear state, is proposed to be considered as their joint attack on Russia."

[Wintercow (Star-Off Salesperson) @wintercow20]

Cost of climate change has fallen again

https://t.co/tyw8FEmxQL

[Wintercow (Star-Off Salesperson) @wintercow20]

Hey, don't worry, they'll get it right this time ...

[Wintercow (Star-Off Salesperson) @wintercow20]

DOJ Cracks Down on the NCR Typewriter Monopoly: